China Southern Airlines Co Ltd 6-K, filed Aug 30, 2021
China Southern Airlines Co Ltd (CHKIF)
About this 6-K
China Southern Airlines Co Ltd filed this 6-K on August 30, 2021.
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON D.C. 20549
FORM 6-K
Report of Foreign Private Issuer
Pursuant to Rule 13a-16 or 15d-16
of the Securities Exchange Act of 1934
August 30, 2021
CHINA SOUTHERN AIRLINES COMPANY LIMITED
68 Qi Xin Road
Guangzhou, 510403
People’s Republic of China
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.
Form 20-F ☒ Form 40-F ☐
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ☐
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ☐
Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
Yes ☐ No ☒
If “Yes” is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): N/A
China Southern Airlines Company Limited (the “Company”) published the following announcements on August 27, 2021 on the Hong Kong Stock Exchange’s website at:
https://www1.hkexnews.hk/listedco/listconews/sehk/2021/0827/2021082701864.pdf, in relation to the amendments to the articles of association; and
https://www1.hkexnews.hk/listedco/listconews/sehk/2021/0827/2021082701840.pdf, in relation to the proposed amendments to the articles of association and the procedural rules of the board of directors.
The announcements in English are included as exhibits to this Form 6-K.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
CHINA SOUTHERN AIRLINES COMPANY LIMITED
| By: | /s/ Xie Bing | |
| Name: Xie Bing | ||
| Title: Company Secretary | ||
Date: August 30, 2021
Exhibit 99.1
Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.
(a joint stock limited company incorporated in the People’s Republic of China with limited liability)
(Stock Code: 1055)
ANNOUNCEMENT
AMENDMENTS TO THE ARTICLES OF ASSOCIATION
References are made to the announcements of China Southern Airlines Company Limited (the “Company”) dated 14 May 2020, 30 June 2020 and 13 April 2021, the overseas regulatory announcement of the Company dated 2 July 2021, and the circular of the Company dated 1 June 2020 in relation to, amongst others, the issue and conversion of the A share convertible bonds (the “A Share Convertible Bonds”) of the Company.
On 30 June 2020, the annual general meeting for the year 2019, the 2020 first class meeting for holders of A shares and the 2020 first class meeting for holders of H shares of the Company considered and passed a resolution to authorize the board of directors (the “Board”) of the Company and its authorised persons with full power to deal with all matters relating to the public issuance of the A Share Convertible Bonds, including making amendments to the articles of association of the Company (the “Articles of Association”) in due course according to the status of the issue and conversion of the A Share Convertible Bonds.
The Company publicly issued 160 million A Share Convertible Bonds with a nominal value of RMB100 each and with a total amount of RMB16 billion on 15 October 2020. The A Share Convertible Bonds can be converted into A ordinary shares of the Company from 21 April 2021. As of 30 June 2021, a total amount of RMB10,103,194,000 of the A Share Convertible Bonds have been converted into A ordinary shares of the Company, and the total number of shares being converted was 1,619,101,529.
On 27 August 2021, the Company convened the second meeting of the ninth session of the Board, at which the amendments to the relevant clauses of the Articles of Association were considered and passed unanimously in accordance with the authorization above-mentioned and the cumulative conversion results of the A Share Convertible Bonds as of 30 June 2021.
The detailed amendments to the Articles of Association (the “Current Amendments”) are as follows:
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| No. |
Existing Articles |
Amendments | ||
| Under the approval from the competent securities authority of the State Council Zhen Wei Fa [1997] No. 33, the Company was listed on the Stock Exchange of Hong Kong Limited and New York Stock Exchange respectively in July 1997 with an issuance of a total of 1,174,178,000 H shares. ...... |
Under the approval from the competent securities authority of the State Council Zhen Wei Fa [1997] No. 33, the Company was listed on the Stock Exchange of Hong Kong Limited and New York Stock Exchange respectively in July 1997 with an issuance of a total of 1,174,178,000 H shares. ...... | |||
| Article 3 | The non-public issue of not more than 2,453,434,457 A Shares and non-public issue of not more than 613,358,614 H Shares were passed at the 2nd 2019 Extraordinary General Meeting, the 1st 2019 A Shares Class Meeting and the 1st 2019 H Shares Class Meeting of the Company held on 27 December 2019 and were approved by the China Securities Regulatory Commission (Zheng Jian Xu Ke [2020] No. 547) on 8 April 2020 and (Zheng Jian Xu Ke [2020] No. 918) on 27 May 2020, respectively. 608,695,652 H Shares were successfully issued and listed on the Hong Kong Stock Exchange on 15 April 2020 and 2,453,434,457 A Shares were successfully issued and listed on the Shanghai Stock Exchange on 17 June 2020. | The non-public issue of not more than 2,453,434,457 A Shares and non-public issue of not more than 613,358,614 H Shares were passed at the 2nd 2019 Extraordinary General Meeting, the 1st 2019 A Shares Class Meeting and the 1st 2019 H Shares Class Meeting of the Company held on 27 December 2019 and were approved by the China Securities Regulatory Commission (Zheng Jian Xu Ke [2020] No. 547) on 8 April 2020 and (Zheng Jian Xu Ke [2020] No. 918) on 27 May 2020, respectively. 608,695,652 H Shares were successfully issued and listed on the Hong Kong Stock Exchange on 15 April 2020 and 2,453,434,457 A Shares were successfully issued and listed on the Shanghai Stock Exchange on 17 June 2020. | ||
| Approved by the CSRC by the Approval of China Southern Airlines Company Limited’s Public Issuance of Convertible Bonds (Zheng Jian Xu Ke [2020] No. 2264), the Company publicly issued 160 million A share convertible bonds with a total amount of RMB16 billion on 15 October 2020. On 3 November 2020, pursuant to the approval of the Self-discipline Supervision Decision [2020] No. 355 issued by the Shanghai Stock Exchange, the convertible bonds of the Company with an amount of RMB16 billion were listed on the Shanghai Stock Exchange, and the conversion of the convertible bonds was commenced on 21 April 2021. As of 30 June 2021, a total amount of RMB10,103,194,000 of the A share convertible bonds have been converted into A shares of the Company, and the total number of shares being converted was 1,619,101,529. | ||||
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| Article 7 | The registered capital of the Company is RMB 15,329,302,395. | The registered capital of the Company is RMB | ||
| Article 30 | In accordance with the approval granted by the Securities Commission of the State Council, after the completion of the initial issue of A Shares, the total issued shares of the Company was 4,374,178,000 ordinary shares, of which (a) 2,200,000,000 A Shares (state shares) were issued upon the establishment of the Company and were all subscribed for by the promoter of the Company; (b) 1,174,178,000 H Shares were issued to foreign investors in connection with the first increase of capital of the Company, including shares issued pursuant to the exercise of the over-allotment option and (c) 1,000,000,000 A Shares (public shares) were issued to domestic investors in connection with the initial issue of A Shares. ...... |
In accordance with the approval granted by the Securities Commission of the State Council, after the completion of the initial issue of A Shares, the total issued shares of the Company was 4,374,178,000 ordinary shares, of which (a) 2,200,000,000 A Shares (state shares) were issued upon the establishment of the Company and were all subscribed for by the promoter of the Company; (b) 1,174,178,000 H Shares were issued to foreign investors in connection with the first increase of capital of the Company, including shares issued pursuant to the exercise of the over-allotment option and (c) 1,000,000,000 A Shares (public shares) were issued to domestic investors in connection with the initial issue of A Shares. ...... | ||
| After the above issues of H Shares and A Shares, the current share capital structure of the Company is: (a) 6,981,865,780 A Shares held by the promoter, representing 45.55% of the total share capital; (b) 4,072,291,766 A Shares held by domestic investors, representing 26.56% of the total share capital; and (c) 4,275,144,849 H Shares held by foreign investors, representing 27.89% of the total share capital. | The Company publicly issued 160 million A shares convertible bonds with a total amount of RMB16 billion in 2020. During the conversion period from 21 April 2021 to 30 June 2021, an aggregate of RMB10,103,194,000 of the Nanhang Convertible Bonds have been converted into A shares of the Company with a total of 1,619,101,529 shares being converted.
After the above issues of H Shares and A Shares, the current share capital structure of the Company is: (a) 8,600,897,508 A Shares held by the promoter, representing 50.75% of the total share capital; (b) 4,072,361,567 A Shares held by domestic investors, representing 24.03% of the total share capital; and (c) 4,275,144,849 H Shares held by foreign investors, representing 25.22% of the total share capital. | |||
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Except for the clauses as stated above, other clauses in the Articles of Association remain unchanged. The Current Amendments is subject to the completion of relevant filings or registrations (as applicable) with the relevant government authorities in the PRC.
| By order of the Board China Southern Airlines Company Limited Xie Bing Company Secretary |
Guangzhou, the People’s Republic of China
27 August 2021
As at the date of this announcement, the directors include Ma Xu Lun and Han Wen Sheng as executive directors; and Liu Chang Le, Gu Hui Zhong, Guo Wei and Yan Andrew Y as independent non-executive directors.
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Exhibit 99.2
Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.
(a joint stock limited company incorporated in the People’s Republic of China with limited liability)
(Stock Code: 1055)
ANNOUNCEMENT
PROPOSED AMENDMENTS TO THE ARTICLES OF ASSOCIATION AND THE PROCEDURAL RULES OF THE BOARD OF DIRECTORS
The board (the “Board”) of directors of China Southern Airlines Company Limited (the “Company”) announces that the Board convened the second meeting of the ninth session of the Board on 27 August 2021 and approved, among others, the resolutions in relation to the proposed amendments (the “Proposed Amendments”) to the Articles of Association of the Company (the “Articles of Association”) and to the Procedural Rules of the Board of Directors.
The Proposed Amendments are made pursuant to the following reasons:
(1) the provisions in relation to the General Committee of the Board and the “repurchase shares” in the Articles of Association were amended to reflect the amendments to the Company Law of the People’s Republic of China, Guidelines for the Articles of Association of Listed Companies, Rules Governing the Listing of Stocks on Shanghai Stock Exchange, other laws and regulations and the actual situation of the Company; and
(2) in order to further improve the standardization and effectiveness of the operation of the Board, some provisions of the Procedural Rules of the Board of Directors were amended to reflect the regulatory requirements and the actual situation of the Company.
The details of the Proposed Amendments are as follows:
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1. Table of Amendments to the Articles of Association
| No. |
Existing Articles |
Proposed Amendments | ||
| Article 38 | The Company may, in accordance with laws, administrative regulations, departmental constitution documents and these Articles of Association and subject to the approval of the relevant governing authority of the State, repurchase its issued shares under the following circumstances:
(1) Cancellation of shares for the reduction of its capital;
(2) Merging with another company that holds shares in the Company;
(3) The Company awarding its employees with shares;
(4) Where the shareholders disagree on the resolutions passed by the shareholders’ general meeting on the merger or division of the Company so much that they request the company to acquire their shares;
(5) Other circumstances permitted by laws and administrative regulations.
Save for the above circumstances, the Company shall not perform any act of repurchase of its own shares otherwise. |
The Company may, in accordance with laws, administrative regulations, departmental constitution documents and these Articles of
Association
(1) Reducing the registered capital of the Company;
(2) Merging with another company that holds shares in the Company;
(3) Offering shares for the employee’s share scheme or as equity incentives;
(4) Where the shareholders disagree on the resolutions passed by the shareholders’ general meeting on the merger or division of the Company so much that they request the company to acquire their shares;
(5) When shares are being used to satisfy the conversion of corporate bonds convertible into shares issued by the Company;
(6) When safeguarding corporate value and shareholders’ equity as the Company deems necessary;
(7) Other circumstances permitted by laws and administrative regulations.
Save for the above circumstances, the Company shall not purchase of its own shares otherwise. |
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| Article 39 | The Company may, with the approval of the relevant State governing authority for repurchasing its shares, conduct the repurchase in one of the following ways:
(1) Making a pro rata general offer of repurchase to all its shareholders;
(2) Repurchase through public dealing on a stock exchange;
(3) Repurchase by an off-market agreement outside a stock exchange. |
The Company may buy back its shares through public centralized trading or other methods as recognized by laws and regulations and the securities regulatory authorities and the stock exchange(s) in the place where the Company’s shares are listed.
Where the buyback of shares by the Company falls under any of the circumstances stipulated in clauses (3), (5) and (6) of the first paragraph of Article 38 of the Articles of Association, such buyback shall be conducted through public centralized trading method. | ||
| Article 41 | Where the Company repurchases its own shares due to reasons as set out in clauses (1) to (3) of Article 38, it shall obtain the prior approval of the shareholders by a resolution at a shareholders’ general meeting. After the Company repurchases its shares pursuant to Article 38, the shares in respect of the circumstances described in clause (1) shall be cancelled within ten days from the day of purchase; and those in respect of the circumstances described in clauses (2) and (4) shall be transferred or cancelled within six months. The Company shall deduct the carrying amount of the shares cancelled from its share capital, and shall process registration of changing in registered capital with the original registrar.
The maximum number of shares repurchased by the Company pursuant to clause (3) of Article 38 shall not exceed 5% of its total issued shares; and repurchase shall be fund out of the profit after tax of the Company; the shares purchased shall be transferred to the employees within one year. |
Where the Company purchases its own shares due to reasons as set out in clauses (1) and (2) of Article 38, it shall obtain the prior approval of the shareholders by a resolution at a shareholders’ general meeting. Where the Company purchases its own shares under any of the circumstances stipulated in clauses (3), (5) and (6) of Article 38, subject to the laws, regulations, and the listing rules of the place where the Company’s shares are listed, it may be resolved by a Board meeting at which more than two-thirds of directors present in accordance with the provisions of these Articles of Association or the authorization of the shareholders’ general meeting. After the Company purchases its shares pursuant to Article 38, the shares in respect of the circumstances described in clause (1) shall be cancelled within ten days from the day of purchase; and those in respect of the circumstances described in clauses (2) and (4) shall be transferred or cancelled within six months. The shares in respect of the circumstances described in clause (3), (5) and (6), the aggregated number of shares of the Company held by itself shall be not more than 10% of the total issued shares of the Company and shall be transferred or cancelled within three years.
Where the laws and regulations or the listing rules of stock exchange(s) in the place where the Company’s shares are listed has any other provisions in respect of the purchase of shares, such provisions shall prevail. | ||
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| Article 49 | Shares of the Company held by the promoters shall not be transferred within one year commencing from the establishment of the Company. Shares issued prior to the public offer of shares of the Company shall not be transferred within one year from the date when the shares were listed on a stock exchange.
Directors, supervisors and senior administrative officers of the Company shall periodically report to the Company shares of the Company held by them and any changes thereof, and shall not transfer more than 25% of the shares held by them during their term of office, while shares of the Company held by them must not be transferred within one year commencing from the date on which the shares of the Company were listed. The aforesaid persons shall not transfer the shares of the Company held by them within six months commencing from the termination of their service.
Any gains from any sales of shares of the Company by any director, supervisor and senior administrative officer of the Company within six months after the share are bought, or any gains from any purchase of shares of the Company by any of the aforesaid parties within six months after the share are sold shall be disgorged and paid to the Company and the Board of Directors shall recover such gains from the abovementioned parties. In case the Board of Directors failed to perform in compliance with this provision, the responsible directors shall be jointly liable for such default.
If the Board of Directors fails to comply with the aforesaid provision, the shareholders may demand the Board of Directors to implement such provision within thirty days. Where the Board of Directors fails to implement such provision within the aforesaid period, the shareholders may initiate proceedings in the People’s Court in their own names to protect the interest of the Company. |
Shares of the Company held by the promoters shall not be transferred within one year commencing from the establishment of the Company. Shares issued prior to the public offer of shares of the Company shall not be transferred within one year from the date when the shares were listed on a stock exchange.
Directors, supervisors and senior administrative officers of the Company shall periodically report to the Company shares of the Company or other securities of equity nature held by them and any changes thereof, and shall not transfer more than 25% of the shares held by them during their term of office, while shares of the Company held by them must not be transferred within one year commencing from the date on which the shares of the Company were listed. The aforesaid persons shall not transfer the shares of the Company held by them within six months commencing from the termination of their service.
Any gains from any sales of shares of the Company by any director, supervisor and senior administrative officer of the Company within six months after the share are bought, or any gains from any purchase of shares of the Company by any of the aforesaid parties within six months after the share are sold shall be disgorged and paid to the Company and the Board of Directors shall recover such gains from the abovementioned parties. In case the Board of Directors failed to perform in compliance with this provision, the responsible directors shall be jointly liable for such default.
If the Board of Directors fails to comply with the aforesaid provision, the shareholders may demand the Board of Directors to implement such provision within thirty days. Where the Board of Directors fails to implement such provision within the aforesaid period, the shareholders may initiate proceedings in the People’s Court in their own names to protect the interest of the Company. | ||
| Article 56 | No changes in the shareholders’ register due to the transfer of shares may be made within thirty days before the date of a shareholders’ general meeting or within five days before the record date for the Company’s distribution of dividends. | No changes in the shareholders’ register due to the transfer of shares may be made within thirty days before the date of a shareholders’ general meeting or within five days before the record date for the Company’s distribution of dividends. Where the laws, administrative regulations, departmental rules, normative rules and the stock exchange(s) or the regulatory authorities in the place where the Company’s shares are listed has any other provisions, such provisions shall prevail. | ||
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| Article 204 | The Board of Directors may set up General Committee, Strategy and Investment Committee, Audit and Risk Management Committee, Nomination Committee, Remuneration and Evaluation Committees and Aviation Safety Committee and other special committees. General Committee and each committee shall be comprised of directors, among which, General Committee shall be comprised of Chairman and executive directors, while the majority of Audit and Risk Management Committee, Nomination Committee, Remuneration and Evaluation Committee shall be independent directors and the chairman shall be independent director. In the Audit and Risk Management Committee at least one independent director shall be an accounting professional. | The Board of Directors may set up Strategy and Investment Committee, Audit and Risk Management Committee, Nomination Committee, Remuneration and Evaluation Committees and Aviation Safety Committee and other special committees. Each committee shall be comprised of directors, among which, the majority of Audit and Risk Management Committee, Nomination Committee, Remuneration and Evaluation Committee shall be independent directors and the chairman shall be independent director. In the Audit and Risk Management Committee at least one independent director shall be an accounting professional. |
2. Table of Amendments to the Procedural Rules of the Board of Directors
| No. |
Existing articles |
Proposed amendments | ||
| 36 | The Board of Directors shall exercise the following duties and powers: ......
7) Formulate the annual financial budget plan and final accounting plan of the Company;
8) Formulate profit distribution plan and plan for making up losses of the Company;
9) Decide on matters on external guarantee in accordance with the laws, administrative regulations, listing rules of the stock exchange(s) at the place where the Company is listed and requirements of the Articles of Association; any above-mentioned matters on external guarantee which are required to be approved by the shareholders’ general meeting shall be submitted to the shareholders’ general meeting for review after being approved;
10) Formulate proposals for increases or reductions in the Company’s registered capital and for the issuance and listing of the bond or other securities of the Company; |
The Board of Directors shall exercise the following duties and powers: ......
7) Review and approve the provision for asset impairment whose aggregate annual amount accounting for over 10% (inclusive) of the Company’s latest audited net assets, in addition to impairment provision made by the Company in accordance with accounting estimation principles and aging analysis;
8) Review and approve adjustments in significant accounting policy and changes in accounting estimate;
9) Formulate the annual financial budget plan and final accounting plan of the Company;
10) Formulate profit distribution plan and plan for making up losses of the Company; |
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| 11) Prepare plans for major acquisition, repurchase of the Company’s shares or mergers, division and dissolution of the Company;
12) Decide on the establishment of the Company’s internal management structure;
13) Pursuant to the Chairman’s nomination to appoint or dismiss the Company’s president, the secretary of the Board of Directors and decide the remunerations thereof; and pursuant to the president’s nominations to appoint or dismiss the vice-presidents, the chief financial officer, the general economic officer, the chief engineer, the chief pilot and other senior management of the Company and decide the remunerations thereof; ...... |
11) Decide on external investment, acquisition and disposal of assets, matters on external guarantee, asset mortgage, entrusted financial management, connected transactions, etc. of the Company within the authority granted by the shareholders’ general meeting and in accordance with the laws, administrative regulations, listing rules of the stock exchange(s) at the place where the Company is listed and requirements of the Articles of Association; any above-mentioned matters which are required to be approved by the shareholders’ general meeting shall be submitted to the shareholders’ general meeting for review after being approved by the Board of Directors;
12) Formulate proposals for increases or reductions in the Company’s registered capital and for the issuance and listing of the bond or other securities of the Company;
13) Prepare plans for major acquisition, repurchase of the Company’s shares or mergers, division and dissolution of the Company;
14) Decide on the establishment of the Company’s internal management structure;
15) Review and approve major reform matters in relation to the Company and its subsidiaries;
16) Decide on the authorization management system and authorization decision scheme of the Board of Directors;
17) Pursuant to the Chairman’s nomination to appoint or dismiss the Company’s president, the secretary of the Board of Directors and decide the remunerations thereof, and pursuant to the president’s nominations to appoint or dismiss the vice-presidents, the chief financial officer, the general economic officer, the chief engineer, the chief pilot and other senior management of the Company and decide the remunerations thereof; ...... |
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| 43 | The Board of Directors may set up General Committee, Strategy and Investment Committee, Audit and Risk Management Committee, Nomination Committee, Remuneration and Evaluation Committee and Aviation Safety Committee and other special committees. Each committee shall be comprised of directors, among which, the majority of Audit and Risk Management Committee, Nomination Committee, Remuneration and Evaluation Committee shall be independent directors and the convenor shall be independent director. In the Audit and Risk Management Committee, at least one independent director shall be an accounting professional. The Board of Directors may make adjustments to the committees or establish other special committees in accordance with the needs of the Company.
(1) The major terms of reference of the General committee are: (i) to consider and make decisions on Company’s major transactions, major investments and major matters related to the daily operation activities as authorised by the Board of Directors; (ii) to supervise and inspect on the execution status of the decision-making matters of the Board of Directors.
(2) ...... ...... |
The Board of Directors may set up Strategy and Investment Committee, Audit and Risk Management Committee, Nomination Committee, Remuneration and Evaluation Committee and Aviation Safety Committee and other special committees. Each committee shall be comprised of directors, among which, the majority of Audit and Risk Management Committee, Nomination Committee, Remuneration and Evaluation Committee shall be independent directors and the convenor shall be independent director. In the Audit and Risk Management Committee, at least one independent director shall be an accounting professional. The Board of Directors may make adjustments to the committees or establish other special committees in accordance with the needs of the Company.
(1)...... ...... |
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| 46 | Subject to the requirements of laws, administrative regulations, the listing rules of the stock exchange where the Company is listed and the Articles of Association, and in order to improve the Company’s decision- making efficiency, the Board of Directors shall give authorization to the General Committee, the Chairman of the Board of Directors or the general manager in accordance with the terms of reference. | Subject to the requirements of laws, administrative regulations, the listing rules of the stock exchange where the Company is listed and the Articles of Association, and in order to improve the Company’s decision- making efficiency, the Board of Directors shall give authorization to the Chairman of the Board of Directors or the general manager in accordance with the terms of reference. | ||
| 53 | The Company Secretary Bureau is established under the Board of Directors and its person in charge is the Secretary to the Board of Directors. The Secretary to the Board of Directors is senior management personnel of the Company and is responsible to the Board of Directors. The Secretary to the Board of Directors is nominated by the Chairman and dismissed by the Board of Directors. | The Board Office is established under the Board of Directors and its person in charge is the Secretary to the Board of Directors. The Secretary to the Board of Directors is senior management personnel of the Company and is responsible to the Board of Directors. The Secretary to the Board of Directors is nominated by the Chairman and dismissed by the Board of Directors. | ||
| 64 | Before issuing the notice of regular Board meeting, the Company Secretary Bureau shall sufficiently seek the opinion of all directors. The preliminary agenda shall be formed and passed to the Chairman for drafting. | Before issuing the notice of regular Board meeting, the Board Office shall sufficiently seek the opinion of all directors. The preliminary agenda shall be formed and passed to the Chairman for drafting. | ||
| 66 | ...... a written proposal signed (or sealed) by the proposer shall be presented through the Company Secretary Bureau or to the Chairman directly. The written proposal shall contain the following items: ...... |
...... a written proposal signed (or sealed) by the proposer shall be presented through the Board Office or to the Chairman directly. The written proposal shall contain the following items: ...... | ||
| 66 | The Company Secretary Bureau shall transfer the above written proposal and relevant materials to the Chairman on the date of receipt. Where the Chairman believes the proposal is not clear, specific or the relevant materials are inadequate, the proposer may be required to make modification or supplement. | The Board Office shall transfer the above written proposal and relevant materials to the Chairman on the date of receipt. Where the Chairman believes the proposal is not clear, specific or the relevant materials are inadequate, the proposer may be required to make modification or supplement. | ||
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| 79 | The directors shall carefully read the documents relating to the meeting and shall express well-informed, independent and discreet opinions.
The directors are allowed to learn the information necessary for the decision-making from the Company Secretary Bureau, the meeting convener, the General Manager and other senior management staff, various special committees, accounting firms and law firms and other relevant personnel and institutions before the meeting, or may, while the meeting is underway, suggest to the presider that the aforesaid persons or institutions appear at the meeting to make relevant explanations. |
The directors shall carefully read the documents relating to the meeting and shall express well-informed, independent and discreet opinions.
The directors are allowed to learn the information necessary for the decision-making from the Board Office, the meeting convener, the General Manager and other senior management staff, various special committees, accounting firms and law firms and other relevant personnel and institutions before the meeting, or may, while the meeting is underway, suggest to the presider that the aforesaid persons or institutions appear at the meeting to make relevant explanations. | ||
| 84 | After the voting of the directors present at the meeting, the Securities Representative and relevant personnel of the Company Secretary Bureau shall timely collect the directors’ votes, and submit to the Secretary to the Board of Directors to conduct counting under the supervision of a supervisor or an independent director. | After the voting of the directors present at the meeting, the Securities Representative and relevant personnel of the Board Office shall timely collect the directors’ votes, and submit to the Secretary to the Board of Directors to conduct counting under the supervision of a supervisor or an independent director. | ||
| 95 | In addition to the meeting minutes, the Secretary to the Board of Directors may also arrange the staff of the Company Secretary Bureau to work out a clear and concise meeting summary, and make a separate record of resolutions at the meeting based on the voting results. | In addition to the meeting minutes, the Secretary to the Board of Directors may also arrange the staff of the Board Office to work out a clear and concise meeting summary, and make a separate record of resolutions at the meeting based on the voting results. | ||
| 103 | the Company Secretary Bureau, Financial Department and relevant departments of the Company shall prepare the materials; | the Board Office, Financial Department and relevant departments of the Company shall prepare the materials; | ||
| 103 | the Company Secretary Bureau shall inform relevant departments. | the Board Office shall inform relevant departments. | ||
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| 103 | the Company Secretary Bureau shall inform personnel department | the | ||
| 103 | the Company Secretary Bureau and relevant departments of the Company shall prepare the materials; | the Board Office and relevant departments of the Company shall prepare the materials; | ||
| 103 | the Company Secretary Bureau shall inform relevant departments | the Board Office shall inform relevant departments | ||
| 103 | the Company Secretary Bureau and relevant departments of the Company shall prepare the materials | the Board Office and relevant departments of the Company shall prepare the materials | ||
| 103 | the Company Secretary Bureau and relevant departments of the Company shall prepare the materials | the Board Office and relevant departments of the Company shall prepare the materials; | ||
| 103 | the Company Secretary Bureau and relevant departments of the Company shall prepare the materials | the Board Office and relevant departments of the Company shall prepare the materials; | ||
| 103 | the Company Secretary Bureau and relevant departments of the Company shall prepare the materials | the Board Office and relevant departments of the Company shall prepare the materials; | ||
| 103 | the Company Secretary Bureau shall draft the document and send it in the name of the Company. | the Board Office shall draft the document and send it in the name of the Company. | ||
| 103 | the Company Secretary Bureau and personnel department of the Company shall prepare the nominees’ materials; | the Board Office and personnel department of the Company shall prepare the nominees’ materials; | ||
| 103 | the Company Secretary Bureau shall draft the document and send it in the name of the Company. | the Board Office shall draft the document and send it in the name of the Company. | ||
| 103 | the Company Secretary Bureau shall inform relevant departments. | the Board Office shall inform relevant departments. | ||
| 103 | the Company Secretary Bureau shall inform the assigned external director and relevant departments. | the Board Office shall inform the assigned external director and relevant departments. | ||
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Except for the clause as stated above, other clauses in the Articles of Association and the Procedural Rules of the Board of Directors remain unchanged.
The Proposed Amendment are subject to the approval of the shareholders of the Company by way of a special resolution at a general meeting, and the obtaining of any approval, endorsement or registration (as applicable) from or with the relevant government authorities in the PRC.
A circular containing, inter alia, further details of the Proposed Amendment together with the notice of the general meeting will be despatched to the shareholders of the Company as soon as practicable.
| By order of the Board China Southern Airlines Company Limited Xie Bing Company Secretary |
Guangzhou, the People’s Republic of China
27 August 2021
As at the date of this announcement, the directors include Ma Xu Lun and Han Wen Sheng as executive directors; and Liu Chang Le, Gu Hui Zhong, Guo Wei and Yan Andrew Y as independent non-executive directors.
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